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Carlyle invests in Trehanís Medanta Medical Centre

Global Asset Manager Carlyle Group has made a strategic minority investment in Heart Surgeon Naresh Trehan’s Medanta, a super speciality hospital in suburban Gurgaon off  Delhi. The investment has been made through its Indian arm Anant Investments. Carlyle has reportedly acquired a 30 per cent share for more than Rs 1000 crore. Medanta founder Naresh Trehan did not confirm or deny the Carlyle move to media. Carlyle has reportedly acquired Avenue Capitals’ stake as the latter had been planning exit from Medanta for some time.

Says Neeraj Bharadwaj, MD of Carlyle Group, on the reasons for the acquisition: “we see high growth potential in the healthcare industry.” This is being driven by higher income profiles providing the cash for higher hospitalisation treatment frequency. As Global Health operates in the National capital region of Delhi, it has emerged as a major health care hub in India. Carlyle is among the first private equity players to invest in India. The Medanta acquisition tops Carlyle’s investment in India to a total 1.1 billion US dollars as of 30 September this year. PE participation in the health care industry has been very strong in the last two years.  As of Mid-December this year, nearly 70 health care deals valued over 1.1 billion USD have been clinched by private equity players. This compares with 65 deals worth over 1.07 billion a year ago. A population of over a billion with rising disposable incomes, demand for high class health care and

consumers’ willingness to commit cash on health care will ensure sustained PE interest in the business, health care experts opine.

 

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